Bitcoin has broken out of the upper boundary of the falling channel, while maintaining a gradually higher bottom structure in recent sessions. This is a signal that selling pressure is weakening and buyers are starting to regain short-term control.

Instead of chasing around 64,400, I prefer to wait for the price to adjust and retest the breakout zone of 63,800–64,100. If this area holds and a bearish H2 candle appears, BTCUSD could continue towards 64,800–65,000, then extend towards the main target around 65,710.

The market context is also slightly supporting the upward direction. Risk-on sentiment improved thanks to a sharp increase in technology stocks, while oil prices and US bond yields fell, helping to ease pressure on risky assets.

The channel break created an advantage for the buyers. In your opinion, will Bitcoin retest the breakout zone first or go straight to 65,000?